Cryptocurrency markets experienced notable fluctuations between late July and early August 2025. Bitcoin (BTC) reached highs around $118,600 before pulling back to approximately $114,000 by August 1, with Ethereum (ETH) peaking near $3,900 and later declining to about $3,600. Solana (SOL) also saw a decrease from 191 to 168 during this period. Ethereum ETFs outperformed Bitcoin ETFs in inflows, with ETH ETFs attracting $284 million compared to BTC ETFs' $237 million in one week. The SEC approved in-kind redemptions for spot BTC and ETH ETFs, and announced the launch of 'Project Crypto' aimed at integrating all markets onchain. Institutional activity included Galaxy completing a $9 billion Bitcoin sale and Michael Saylor purchasing an additional $2.5 billion in Bitcoin. Kraken is reportedly planning an initial public offering valued at $15 billion. Market sentiment was influenced by geopolitical developments, including a trade deal between the US and EU and a delay in tariffs on Chinese goods, which initially pushed markets higher. However, new reciprocal tariffs announced by the Trump administration led to a market pullback, with BTC dropping 3% to $115,100 and altcoins like ETH, XRP, and SOL falling by approximately 6%. The White House released a 160-page report on cryptocurrencies, signaling efforts toward establishing US crypto dominance. Additionally, MetaMask introduced 'Stablecoin Earn' and SOL staking products, and PayPal launched a 'Pay with Crypto' campaign. The SEC Chair Atkins made historic comments on digital assets, further highlighting regulatory focus on the sector.